The Power of the Pattern reflected that a bullish pattern in the rails was taking place in the chart below that was published on 11/20, which was sending a bullish for the broad market. (see bullish rail post here)
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The chart below reflects the S&P Railroad index broke out to the upside at the pattern suggested and the 500 index went right along with it. Now the rally took this index up to a key falling resistance line ( see chart below)
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Today the railroad index created a reversal pattern in the chart above. The 500 index followed the rails higher, watch the rails closely here to see if the 500 index follows them again!
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